Tickers in this article: ANF
Buy Abercrombie & Fitch on weakness to its semiannual value level at $14.78 and reduce holdings on strength to is weekly risky level at $17.26. Its monthly pivot at $16.31 is a stabilizing magnet.
11/26/19 - 11:15 AM EST
Tickers in this article: LB
Buy L Brands if the stock ends this week above its five-week modified moving average at $17.81. This close would upgrade the weekly chart to positive and target its quarterly risky level at $21.53.
11/21/19 - 12:20 PM EST
The private-equity firm says the conversion will allow investors to buy its shares without creating the need for a Schedule K-1, an Internal Revenue Service tax form that's used to report earnings from partnerships.
07/31/19 - 12:13 PM EDT
The fourth-biggest U.S. private-equity firm says second-quarter net income tumbles 24% to $514.4 million, as investment income slides. That's a smaller decline than the 58% drop reported for the period by KKR's larger rival, Blackstone.
07/26/19 - 01:13 PM EDT
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
06/01/19 - 11:21 AM EDT
A rapid increase over the past decade in the amount of loans taken out by corporations with poor credit ratings could come back to haunt U.S. banks, Comptroller of the Currency Joseph Otting warns.
05/16/19 - 08:00 AM EDT
The five biggest U.S. private-equity firms have raised almost $350 billion of 'dry powder' from pension funds, foreign governments and other institutional investors that must now be spent on everything from corporate acquisitions to business loans and real estate. The problem is, the assets have gotten too expensive.
05/14/19 - 11:56 AM EDT
WageWorks says it will 'carefully review the proposal.'
04/30/19 - 09:49 AM EDT
Gardner Denver could announce this week a deal to merge with a division of Ingersoll-Rand, a report says.
04/29/19 - 11:27 AM EDT
Companies in the S&P 500 bought back a record $806 billion of their own shares last year. But the tactic - used by CEOs to juice their stock prices - may become less common as more companies confront the need to pay down debt, Bank of America analysts warn in a new note.
04/22/19 - 12:40 PM EDT
Stephen Schwarzman, founder and CEO of the giant U.S. private-equity firm Blackstone, was already one of the world's richest men. But after an announcement that the partnership will convert to a stock corporation sparked the biggest one-day rally in its publicly traded units, Schwarzman is immediately $573 million richer on paper.
04/19/19 - 10:42 AM EDT
As a growing body of research shows that gender diversity on a company's board of directors usually improves long-term shareholder returns, Stephen Schwarzman's Blackstone Group has added former U.S. Senator Kelly Ayotte of New Hampshire as a director. The appointment would double the number of female directors to two out of 11 total board members, or 18%.
04/11/19 - 12:35 PM EDT
Regulators have warned against the creeping use of technology in traditionally human-intensive decisions like whether to make a loan, and at what interest rate. But a new study shows that the online platform LendingClub might be just as good at lending as the largest banks.
04/02/19 - 01:30 PM EDT
Randal Quarles, the Federal Reserve's vice chair for supervision, says regulators need to be vigilant about new risks from lenders that operate outside of the strictest banking-industry rules - as well as from the increasing push by technology companies into lending and asset management.
03/28/19 - 01:40 PM EDT